International News : Global Timber and Wood Products Market Update

North America continues to supply China, Japan and other Asian
countries with logs for their forest products sectors. Log exports from
the US and Canada in the 1Q/14 were up 14% from last year, reports the
North American Wood Fiber Review, with shipments from the US South
having increased the most.

Global Timber and Wood Products Market Update

- a news brief from Wood Resources International LLC

Log exports from Canada and the US to Asia have increased this
year with the shipment from the US South being 130 % higher than in
2013, reports the North American Wood Fiber Review

Seattle, USA.
North American log exports to Asia over the past several years have
boosted profitability for timberland owners while challenging the
domestic solid wood sector mainly in northwestern US and Coastal British
Columbia. In the 1Q/14, the North American export volume was 14% higher
than in the 1Q/13 and 30% more than the same quarter in 2012, as
reported by the North American Wood Fiber Review (NAWFR). Almost 53% of
the overseas exports have been shipped from the US Northwest, while 41%
was from British Columbia and the remaining share of shipments were
split between Alaska, California and the US South.

There are nine ports that handle breakbulk log shipments along the US
West Coast. The Port of Longview in Southwest Washington exports more
logs than all the other eight ports combined, according to Jones
Stevedoring. In the past five quarters, each of the eight ports shipped
an average of one vessel per month, while the Port at Longview loaded
one vessel for Asia every three days. The major exporting companies at
this location are Chugoku, Weyerhaeuser, Pacific Lumber & Shipping,
Sojitz and TPT. Read more about the west coast log exports in the latest issue of the NAWFR.

Coastal British Columbia is also a major supplier of logs to the Asian
markets, with a majority of the timber originating from private
timberlands on Vancouver Island. Over the past year, shipments have been
approximately 1.5 million m3 per quarter, which is up from an average
of 1.2 million m3 per quarter during 2011 and 2012.

Perhaps the most interesting development the past year has been the
sharp increase in shipments of logs in containers from the US South.
These exports have been mainly to China and India. Although the total
volume is still relatively small as compared to the US West Coast export
volumes, the US South share of total overseas exports from the US was
over six percent during the first five months of this year as compared
to only two percent for the same period in 2012, as reported in the
NAWFR (www.woodprices.com).

Total shipments of southern yellow pine were up 130% for the period
January through May this year compared to the same period last year, and
volumes are already 70% more than they were for all of 2012. Combined
with the first reported bulk shipload departing from the Port of Baton
Rouge in May, we are likely to see increased exports of logs from the
Southern states in the coming years.

The North American Wood Fiber Review has tracked wood fiber markets in the US and Canada for over 20 years and it is the only publication
that includes prices for sawlogs, pulpwood, wood chips and biomass in
North America. The 36-page quarterly report includes wood market updates
for 15 regions on the continent in addition to the latest export
statistics for sawlogs, wood pellets and wood chips.

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